According to Stratistics MRC, Global Feed Pigments market is accounted for $0.94 billion in 2015 and is expected to reach $1.29 billion by 2022 growing at a CAGR of 4.5%. Increasing consumption of meat, rising awareness on aquaculture and poultry business are the major factors driving the market. However, high costs of synthetic pigments and availability of natural pigments depending on seasonal changes are limiting the market growth.

Increasing R&D investments in emerging nations like China, India, South East Asian countries and Brazil provide opportunities to the market.

Carotenoids segment is expected to witness the highest CAGR during the forecast period owing to its health benefits. Europe accounted the largest share in the market. Moreover, Asia Pacific is expected to witness the highest CAGR during the forecast period attributed to increasing R&D investments in this region.

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